LAND is the only Gas in the 4EVERLAND ecosystem, used to track the usage of various ecosystem resources. The price of LAND is stable and pegged to the US dollar, with 1 USD equaling 1,000,000 LAND.
The 4EVERLAND ecosystem provides a variety of resources such as storage, network, and computation. Users' consumption of each type of resource incurs costs corresponding to the usage. All resources are valued in LAND, with each type of resource having its own distinct LAND price. When resources are utilized, the corresponding amount of LAND is consumed.
LAND can be obtained through the exchange with other assets and will also be supported for acquisition through the consumption or staking of "4EVER" Tokens in the future.
We need LAND for the following reasons:
Stable pricing: The cost of storage, network, and computing resources is relatively stable and requires a pricing method that is not impacted by token price fluctuations or network congestion.
User habits and cost control: A stable pricing method is more in line with user habits and helps developers and project owners control the actual operating costs of applications.
Unified pricing unit: The 4EVERLAND ecosystem contains various resources, each with its own individual pricing method. LAND, as a unified pricing unit, helps track the usage of various ecosystem resources.
Multi-asset connectivity: Users hold diverse assets, and LAND can connect various public chain ecosystems and assets. This enables users to exchange any asset from any chain into LAND and conveniently access all resources within the 4EVERLAND ecosystem.
How does LAND work
LAND serves as the "Gas" of the 4EVERLAND ecosystem and is used to pay for various resource consumptions. Currently, 4EVERLAND provides a variety of resources such as IPFS storage, Arweave storage, RPC CUs, Bandwidth, Build Minutes, etc. Any use of these resources requires the corresponding consumption of LAND.
For developers or individuals using 4EVERLAND services, it is essential to ensure that there is a sufficient amount of LAND in their accounts. You can exchange various assets from multiple chains for LAND, and LAND can be used to pay for resource consumption.
For example, imagine you own a car, and the air conditioning, battery, engine, and lights in the car all require sufficient gasoline to keep running. As you use these devices, the gasoline level decreases continuously, so you need to regularly visit a gas station to refuel the car to ensure it continues to run smoothly. Using 4EVERLAND services is similar, as it requires ensuring that there is enough LAND in the account to pay for the communication, computation, and storage costs, to maintain the account's normal operation.
To learn more about obtaining LAND, please refer to:
LAND reflects the actual operational costs of applications using 4EVERLAND services, including storage, computing, network, and other resources. All resources are priced in LAND.
Users of 4EVERLAND services must be able to fully pay for the execution of these services. The platform sets periodic/usage limits on the resource consumption of these service users to prevent malicious code from consuming resources.
Over time, the costs associated with communication, computation, and storage are more likely to decrease rather than increase. For example, the cost of decentralized protocol storage is decreasing, and hardware is becoming more efficient. 4EVERLAND will also continuously improve over time to better utilize resources.
For specific resource pricing models and costs, please refer to: